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Beijing’s space evolution: commercial space and satellite “constellations” as key industries of the future

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On September 8, the central office of the Beijing Municipal Government released a notice on the “Implementation Plan for Promoting the Innovative Development of Future Industries.” This is the implementation of national plans and priorities published over the past two years.

The Plan lists specific areas within broad thematic sections. These include information technology (including 6G, artificial intelligence and quantum computing), manufacturing, healthcare, energy and space.

The Commercial Space Plan calls for accelerating the development and production of medium- and large-scale commercial rockets, 3D-printed rockets, reusable clean-burning rocket engines, and re-entry commercial spacecraft. The main efforts will be united in such areas as vertical launch and return of rockets, manned suborbital flights and clearing the Earth’s orbit of space debris. It is also planned to promote projects to create rocket engines and related key components, and build test sites.

Beijing's space evolution: commercial space and satellite “constellations” as key industries of the future

View of the interior of the payload fairing of Galactic Energy’s Ceres-1 rocket. Source: Galactic Energy

The satellite section states its intent to actively support communications satellites, software-driven satellites, and mass production satellite platforms. Other priority areas focus on laser communications, high-precision radar and optical sensing of the Earth. Priorities include the development of satellite constellations for high-resolution data, fast updates, full coverage of optical and radar remote sensing systems, as well as low-orbit Internet of Things satellites and navigation satellite constellations.

The measures taken are already in line with China’s previously announced national plan to build a space-to-ground information network (or SGIIN). The country plans to create a system that integrates communications, remote sensing, navigation, meteorology and other satellite capabilities.

Beijing is home to a cluster of large state-owned and emerging commercial companies. Rocket companies are concentrated in the southern part of the city, while satellite-related businesses are concentrated in the northern part. In 2021, Beijing presented stages for the development of the satellite Internet industry.

Landspace, iSpace, Galactic Energy, Deep Blue Aerospace and Space Pioneer are a few of the leading commercial launch startups with headquarters or other key facilities in Beijing. GalaxySpace, Minospace, Smart Satellite and HEAD Aerospace are some of the commercial companies involved in satellite communications, small satellite manufacturing, synthetic aperture radar and other remote sensing satellites. Many of these companies are already engaged in activities described in Beijing’s Plan, including developing reusable rockets, expanding Earth remote sensing capabilities and mass production of satellites.

As a result, highlighting current achievements in the field of space exploration, the Chinese space agency has expressed its readiness to offer commercial cargo delivery.

Beijing’s policies are in line with guidance from the national plan: China’s central government announced plans to identify and develop future industries in March 2021, with a draft overall plan for the next five years (2021-2025) and long-term goals until 2035.

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V8 power like a Bugatti Veyron: Hennessey Cadillac Escalade-V presented

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V8 power like a Bugatti Veyron Hennessey Cadillac Escalade V presented

Hennessey has increased the power of the Cadillac Escalade-V SUV to the level of the Bugatti Veyron (from 1001 hp). Cadillac makes the all-electric Escalade IQ with 750 horsepower, but Hennessey has unveiled its own version of the gasoline SUV with a souped-up V engine.

V8 power like a Bugatti Veyron: Hennessey Cadillac Escalade-V presented

Following on from the H650 package released earlier this year, the Texas tuner has introduced the 1,005 hp Hennessey Cadillac Escalade-V. with 1193 Nm of torque.

The standard Escalade-V’s 6.2-liter supercharged V8 produces 682 hp. and 853 Nm. The more powerful Hennessey version gets a high-performance air intake system, a special camshaft, an upgraded exhaust system, high-performance catalytic converters and new intake valves. The H1000 kit comes with a three-year/60,000km warranty.

V8 power like a Bugatti Veyron: Hennessey Cadillac Escalade-V presented

The price of this version has not yet been announced.

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Unboxing and live photos of Redmi K70E – the first smartphone on SoC MediaTek Dimensity 8300-Ultra

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Unboxing and live photos of Redmi K70E the first

Yesterday Redmi officially presented the budget sub-flagship Redmi K70E, and today an unboxing of the device appeared on the Internet.

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

The photo shows a version of the Redmi K70E in Shadow Blue color – this is a shade of blue. How ITHome reviewers compare this color with jade.

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra
Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra
Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra
Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra
Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

The smartphone has a 6.67-inch screen with a very thin frame. Its width at the top and sides is only 1.3-1.35 mm – less than that of the iPhone 15 Pro. But at the bottom there is a larger frame – 2.27 mm.

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

The delivery set includes a branded case and a power supply that produces 90 W of power.

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

Unboxing and live photos of Redmi K70E - the first smartphone on SoC MediaTek Dimensity 8300-Ultra

Let us remind you that Redmi K70E became the first smartphone based on the MediaTek Dimensity 8300-Ultra single-chip system. It is more powerful than the Snapdragon 7 Plus Gen 2, and this should guarantee the Redmi K70E first place in the new AnTuTu sub-flagship rating (two models on the Snapdragon 7 Plus Gen 2 are currently in the lead).

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World’s Largest Auto Workers Strike Costs General Motors $9.3 Billion

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Worlds Largest Auto Workers Strike Costs General Motors 93 Billion

General Motors said its agreements with striking UAW and Canadian Unifor unions would increase costs by $9.3 billion through 2028. The company also announced a $10 billion share repurchase.

These data were announced after the signing of a new contract with the UAW, ratified earlier in November by a majority of 54.7% of the vote. The contract includes a 25 percent wage increase and future job security for union workers as they transition into electric vehicle production. The additional costs are about $575 per vehicle on top of the contract, which expires in 2028.

On Wednesday, November 29, GM said the six-week UAW strike had impacted its business, with earnings before interest and taxes estimated at $1.1 billion.

World's Largest Auto Workers Strike Costs General Motors $9.3 Billion

Image by Midjourney

“We are finalizing a 2024 budget that fully offsets the additional costs of our new labor agreements, and the long-term plan we are executing includes reducing the capital intensity of the business, developing products even more efficiently and further reducing our fixed and variable costs,” she said. CEO Mary Barra said in a statement. “With this clear path forward and our strong balance sheet, we will return significant capital to shareholders.”

The American automaker plans to immediately repurchase and retire $6.8 billion of its common stock as part of a $10 billion buyback program. The remainder of the buybacks will occur before 2024.

GM also announced a 33 percent increase in its common stock dividend, from 9 cents to 12 cents per quarter. The increase is expected to take effect in early 2024.

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